The venture competition season is upon us in Minnesota!
April 14 is the deadline for Walleye Tank life science venture
competition out of Mayo Clinic.
April 28
is the deadline for the Minnesota
Cup, the largest state-wide venture competition in the U.S., with 8
divisions and over $450,000 in prize money.
Too often, pre-revenue entrepreneurs and soon-to-be
entrepreneurs feel that it is too early to enter a venture competition. Not true!
There are many benefits to entering a venture competition, whether or not
you win the grand prize.
Participating
in a venture competition can help you to:
- Think
comprehensively about the business
- Distill
your communication – concisely share the key points
- Test
your key messages – are they as meaningful to others as they are to you?
- Practice
pitching to potential investors
- Identify
your weaknesses and obstacles to gaining business traction
- Get
feedback and advice from experts and investors
- Get
public exposure through the competition’s publicity efforts
- Develop
credibility (with potential customers, employees, partners, investors)
- (Maybe)
win thousands of dollars
Two key dates:
- April 14 - Walleye
Tank life science venture competition.
Note that qualifying winners of
the junior and professional angler divisions will automatically be placed as
semi-finalists in the Minnesota Cup!
Good luck!
